Live Nation Entertainment has purchased a further 50% stake in Dublin's O2 venue according to local reports, taking full ownership of the premises.

The company has apparently bought the stake for €35 million from co-owner Nama, after maintaining a 'first refusal' clause on the venue. The purchase values the venue at €70 million.

According to the Irish Independent, the O2 venue has been sold by Nama as part of a receivership of loans that are connected with properties formerly ...